Mount Prospect Academy (EIN 320048804) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

Jeffrey Caron

Phone

6035361102

Tax Period

2023-07-01 to 2024-06-30

Mount Prospect Academy, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $54.6M in total revenue in fiscal year 2023. The organization ran a surplus of $8.2M, a strong 15% operating margin.

Mission

Operation of a school and residential treatment facility for children and troubled youth together with related community based services.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $37,533

Program Service Revenue $53,414,717

Investment Income $1,136,306

Other Revenue $5,498

TOTAL REVENUE $54,594,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,045,539

Fundraising Expenses $0

Program Expenses $35,407,282

Other Expenses $11,354,173

TOTAL EXPENSES $46,399,712

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,594,054	$54,649,230	0.0%
Expenses	$46,399,712	$44,048,629	+0.1%
Net Income	$8,194,342	$10,600,601	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

793

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$777,061

Total Directors

Key Employees

$1,215,885

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rob Bannon	Director	1.00	Director	$0	$0	$0
Jonathan Bownes	Director	1.00	Director	$0	$0	$0
Mike Boyle	Director	1.00	Director	$0	$0	$0
Ben Cronin	Director	1.00	Director	$0	$0	$0
Paul Fitzgerald	Director	1.00	Director	$0	$0	$0
Charles Wheeler	Board Chair	1.00	Officer Director	$0	$0	$0
John Sears	CFO	10.00	Officer	$193,203	$26,555	$219,758
Jeffrey Caron	President	30.00	Officer	$332,697	$40,296	$372,993
Jeffrey Park	Secretary	39.00	Officer	$148,346	$35,964	$184,310
Susan Beck-Dore	Vice President	40.00	Key Emp	$244,590	$40,488	$285,078
John R Fulp	Director of Operations	40.00	Key Emp	$230,134	$18,694	$248,828
James A Marshall	Head of Schools	40.00	Key Emp	$239,121	$33,245	$272,366
Lara J Saffo	Chief Compliance Officer	40.00	Key Emp	$192,657	$38,268	$230,925
Sarah Caron	Director of Quality Control	40.00	Key Emp	$172,119	$6,569	$178,688
Karen Langley	Academics Director	40.00	Highest	$139,522	$15,819	$155,341
Rachel G Umberger	Executive Director	40.00	Highest	$135,382	$21,064	$156,446
Nash Reddy	Academics Director	40.00	Highest	$116,591	$25,740	$142,331
Richard A Phelps	Director of Clinical Services	40.00	Highest	$118,958	$5,265	$124,223
Cory A Rogers	Head of Schools	40.00	Highest	$115,766	$26,651	$142,417

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$54,594,054	$46,399,712	$47,236,262	$8,194,342
2023	$54,649,230	$44,048,629	$42,195,235	$10,600,601
2022	$43,185,289	$37,259,160	$31,241,305	$5,926,129
2021	$42,485,261	$36,029,412	$25,031,051	$6,455,849
2020	$33,699,260	$31,071,782	$20,717,544	$2,627,478
2019	$20,555,886	$19,471,773	$12,142,816	$1,084,113
2018	$10,853,648	$10,041,670	$7,803,246	$811,978

Mount Prospect Academy